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Zanaga Iron Ore Share Chat (ZIOC)



Share Price: 12.00Bid: 11.75Ask: 12.00Change: 0.00 (0.00%)No Movement on Zanaga Iron
Spread: 0.25Spread as %: 2.13%Open: 11.75High: 11.75Low: 10.25Yesterday’s Close: 12.00


Share Discussion for Zanaga Iron Ore


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ShatAim
Posts: 3,432
Off Topic
Opinion:No Opinion
Price:10.75
RE: Exceptional close
Today 16:59
What rally? Another 10% down nearly all day low. Can¡¯t see any so-called rally
 
shaun86
Posts: 863
Off Topic
Opinion:No Opinion
Price:10.75
RE: Exceptional close
Today 16:53
the 160k share 'sell' at 14:37 is a buy if you look at the share price at the time. More MM games. Everyone who is anxious and thinking about selling, just remember all the 50k and 100k share buys that were pumped in at 20p+. The directors took 1.6m shares at 18.5p. They know the true value of this share, and whether that's realised tomorrow, next week, next year, it will be recognised. The fundamentals are undeniable
stew200
Posts: 8,486
Off Topic
Opinion:No Opinion
Price:10.75
Exceptional close
Today 16:44
Started to rally hard at close.
Tomorrow should be an excellent day. Should never have dropped so much
shaun86
Posts: 863
Off Topic
Opinion:No Opinion
Price:10.75
RE: Update from this morning..
Today 16:42
Totally agree. I believe the small-scale operation is a back up to show the Chinese the project team can do something without them or their money and in which case don't 'have' to sell for a low ball offer. Plus the project team have to be seen to be doing something feasible, which is what the small-scale operation is.

This still keeps the option open of an outright sale for a decent sum of money, or a third party financing deal which would see ZIOC and GLEN continue with the project but financed by someone else.
No.1SS
Posts: 1,841
Off Topic
Opinion:Strong Buy
Price:11.00
Posturing
Today 16:37
Its all just posturing by ZIOC & GLEN to get the best price from the Chinese IMO.
wdelboy2
Posts: 864
Off Topic
Opinion:No Opinion
Price:11.00
RE: Update from this morning..
Today 16:35
Why would the Chinese invest so heavily in the infrastructure and not be interested in buying the project out right ? It makes perfect sense to have 100% control of assets and port. Its all there , we just have to wait.
shaun86
Posts: 863
Off Topic
Opinion:No Opinion
Price:11.00
RE: Update from this morning..
Today 16:33
$100 per tonne for the good stuff, approx $32 to get it out the ground per tonne? although that might not be the same ratio for small scale. we'll have to wait and see. I was just going by the $100 fee and times it by 0.5mpta to 2mtpa. Would be roughly $50m-$200m (not sure what profit would be).

Even if ZIOC could earn $1m per month, that would be great for AIM. $12m profit per year surely would put them at a much higher market cap? All these figures are just plucked from thin air obviously we would have to wait for their small-scale proposal.
gods
Posts: 338
Off Topic
Opinion:No Opinion
Price:11.00
RE: Update from this morning..
Today 16:29
I really do hope the small scale doesn't go ahead. Cannot see Glencore going for it. But at least they are being consistent and forthcoming on upcoming news. Not sure how they could net $50-200m per year for the small scale, but I suppose that's what the report is for.
shaun86
Posts: 863
Off Topic
Opinion:No Opinion
Price:11.25
Update from this morning..
Today 16:24
So I sent a few emails off today regarding the article, regarding it being market sensitive. The zanaga project team do not believe the article to be market sensitive, hence issued no RNS. The article is genuine. I spoke to someone at Zanaga, who has said if the CEO of Glencore is put on the spot regarding iron ore, then that would have been their likely response. As Glencore have always maintained all of their assets are for sale 'for the right price' at any time. So with regards to Zanaga, this does not mean it's necessarily 'up for sale', but rather if the right offer came through, they'd accept, as they would with any of their assets.

Regarding the future, we are due an update in the next few weeks. The Small-scale operation details are being finalised by the zanaga project team, and will be presented to Glencore once finished. We would then receive an update about the small-scale operation, and whether it would go ahead.

So the likely scenarios at the moment seem to be a small-scale operation, which could net $50m-$200m per year (not to be sniffed at on AIM that's for sure!). Or a sale of the project if Glencore received an offer 'for the right price'.
Kr1ck
Posts: 2
Off Topic
Opinion:No Opinion
Price:10.50
RE: Seems like I am onboard
Today 15:49
Chinese controlling the port is a good point. I think too much is placed on the 50% + 1 share Glencore own. Does anyone believe that they will be allowed to treat this as a strategic bank and sit on it for 15 years? In a world without politics maybe but I can see no way that they can resist this resource being exploited in pretty short order.




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